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	Lula unveils $235bn plan to rebuild infrastructure Sao Paulo, 23.01.2007 President Luiz Inacio Lula da Silva announced yesterday a $235bN public and private investment programme for infrastructure over the next four years to fan Brazil's economy. The state will spend $31.9bN between 2007 and 2010 while public and private firms are expected to fill the gap, said Finance Minister Guido Mantega. The funding will focus on three sectors: energy, transportation and housing. About 55 per cent of the endowment will go to oil and gas projects, and boost electricity generation. The funds would also go to building or rebuilding 45,337km of roads and 2,518km of rail lines, as well as 20 airports and 79 ports to open up a bottleneck for mining and agricultural exports-the country's main commodities. Lula was reelected by a landslide in October, promising to tackle endemic poverty while spurring economic growth, which has lagged at an average 2.6 percent in recent years. His economic plan stipulates growth of 4.5 per cent in 2007, and five per cent in 2008. Inflation (3.14 per cent in 2006) meanwhile would rise to 4.1 per cent in 2007 and 4.5 per cent in the following three years. "Smart growth must include a balanced budget, debt reduction and lesser vulnerability to outside forces without inflation or price controls," said Lula. But Brazil must also "diminish inequalities between its people and regions, and grow while redistributing wealth more fairly," he added. The massive expenditures, he said, would be offset by better fiscal management. AFP Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk

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